Updated Aug 28, 2026 – 12.10pm, first published at Aug 27, 2026 – 5.00am Jon Adgemis is doing everything he can to keep secret the events surrounding the failure of his hospitality empire. He recently delayed his appearance at a court hearing into the collapse. And is trying to ensure any evidence he gives is…
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The National Company Law Tribunal (NCLT) has approved a repayment plan for Zee Group Founder and Chairman Subhash Chandra under which creditors will receive only ₹6.5 crore against admitted claims of around ₹22,006.57 crore. This amounts to a haircut of nearly 99.97 per cent for lenders, news agency PTI reported. NCLT Member (Judicial) Nilesh…
Melbourne property developer The Punvec Group Pty Ltd, founded and chaired by Indian-Australian businessman Rupinder Singh Brar, has had a receiver and manager appointed as the company also faces a separate application seeking to wind it up, a review of corporate and court records shows. The developments mark a major test for a business that…
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Key Facts: Personal insolvencies in Australia surged 13.1 per cent in the June quarter of 2026 compared with the same period the previous year, with 3,596 Australians entering personal insolvency, according to new AFSA figures. Sustained high interest rates, cooling property prices, and rising unemployment are identified as the key pressures driving insolvencies higher, with…
A B.C. judge has sided with pre-sale purchasers who claim the developer of a troubled Lower Mainland condo tower breached provincial consumer protection laws by failing to report headwinds facing the development before the project entered insolvency proceedings. In a 38-page ruling released Wednesday, B.C. Supreme Court Justice David Masuhara found pre-sale contracts for more…
Poirier is the founder and chief executive of Toronto-based boutique consultancy The Poirier Group, established in 2005 after a career in senior executive roles across national and international organisations. Despite the sale of the operating business, Inland Revenue applied to the High Court at Auckland on June 5 seeking to place the former company into…
The NCLT Mumbai bench ruled that Canara Bank’s claim against N.S.D. Nirman was time-barred | AI Generated Representational Image Mumbai, August 26, 2026: The National Company Law Tribunal (NCLT), Mumbai has rejected the Bandra-based Canara Bank’s insolvency plea of Rs 742.06-crore against Uttar Pradesh-based N.S.D. Nirman Private Limited, holding that the bank’s claim against the…
The boss of a collapsed British shadow bank accused of £1.3bn fraud had been declared bankrupt shortly before he launched the company, it has emerged. Paresh Raja, who led mortgage lender Market Financial Solutions (MFS), was made bankrupt over a £350,000 debt just a year before the business started. He has been accused of “plundering”…